American Express Stock: Headed to $226?
Many analysts rushed to upgrade their 12-month price targets following American Express' (NYSE: AXP) fourth-quarter update last week. Interestingly, this incremental bullishness from Wall Street comes even as the company's top-line growth decelerates.
So, what is there to love about the report? RBC Capital analyst Jon Arfstrom, who increased his 12-month price target on shares from $220 to $226 after the report, breaks down the bull case: It boils down to better-than-expected expense management, a steady normalization of delinquency rates, and good momentum across several key business metrics.
Let's explore these ideas further to see if Arfstrom is onto something.
Source Fool.com
Royal Bank of Canada Aktie
101,92 €
0,91 %
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